How this under the radar tech company landed $550 million



By Burl Gilyard, Twin Cities Business

“Minneapolis-based Ability Network Inc. flashed upon the national deal radar in March, first rumored to be selling for $500 million, and later announcing instead that it received $550 million in financing. The news left many wondering: “Who are these guys?”

Founded in 2000 as VisionShare Inc., the company quietly grew to become a national leader in its area of specialty—processing Medicare payments for health care providers. And along the way, it’s picked up powerful and well-respected investors, including Boston-based Bain Capital, one of the world’s leading private equity players, with more than $70 billion under management.”

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